Overdraft Protection Plans | First Bank
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Overdraft Protection Plans | First Bank

Protect Yourself in the Event of a Mistake

Occasionally it happens - you forget to record a transaction or you miscalculate a balance.  Overdraft Protection is designed to help you in times of need.  First Bank offers the following Overdraft Protection options:

Overdraft Transfer
Overdraft Transfer uses funds from up to two separate checking, savings or money market accounts to fund your checking account if it becomes overdrawn. 

Preferred Credit
Preferred Credit is a fixed-rate, unsecured revolving line of credit that is accessible through your checking account when the account is overdrawn. An automatic funds transfer occurs to protect your account should it become overdrawn.

Overdraft Privilege
Overdraft Privilege authorizes First Bank to pay certain transactions presented against an insufficient checking account balance. You must opt in if you would like First Bank to pay ATM withdrawals and everyday debit card transactions. There is a fee associated with this service.

First Bank's regular NSF fee ($35.00) applies to each paid check/debit transaction and is limited to a maximum of five per day which is the same fee that First Bank charges for items drawn against insufficient funds and returned to the payee. Insufficient fund charges are limited to a maximum of five per day.

Frequently Asked Questions

Overdraft Transfer - Check, ACH, bill payment, transfer, in-person withdrawal, one-time recurring debit card payments, ATM withdrawals.

Preferred Credit - Check, ACH, bill payment, transfer, in-person withdrawal, one-time recurring debit card payments, ATM withdrawals.

Overdraft Privilege - Check, ACH, bill payment, transfer, in-person withdrawal, recurring debit card payments (For ATM withdrawals and everyday debit card transactions to be paid, you'll need to provide us authorization through our opt-in process.

Overdraft Transfer - $10 per transfer fee.

Preferred Credit - 18% APR on your outstanding balance.

Overdraft Privilege - There is a $35 charge per insufficient item presented, with a maximum of $175 per day.

Overdraft Transfer - At the branch, you will complete an Overdraft Transfer Request form.

Preferred Credit - At the branch, you will complete the Preferred Credit Application.

Overdraft Privilege - There is no need to register for this service. Your consumer checking account may become eligible after your account has been open for longer than one calendar month, a deposit has been made to the account within the last 32 days, and you do not have any First Bank loans that are 45 days or more past due. To determine eligibility, please visit your local First Bank branch, or call the Overdraft Client Services department at 800-864-6504, or our Client Contact Center at 800-760-2266.

Overdraft Transfer - Not applicable.

Preferred Credit - The greater of 3.5% of the outstanding principal balance plus interest or $25.

Overdraft Privilege - Make a deposit to your checking account to create a positive balance within 60 days after the account becomes negative.

Overdraft Transfer - At a Branch you will complete an Overdraft Transfer Request form.

Preferred Credit - Send written notification to First Bank Loan Services Department, PO Box 770269, St. Louis, MO. 63179-0269.

Overdraft Privilege - Contact our Overdraft Customer Service Department at 800-864-6504 or our Client Contact Center at 800-760-2265.

Register for online banking and mobile banking to regularly monitor your balances and transaction activity. Set email and text alerts to notify you when your account falls below a pre-selected balance level. Record every transaction that you make into your check register. Balance your account statement monthly. Quickly make a deposit to cover overdraft fees when your account is overdrawn.

Terms and Conditions

Savings and Money Market accounts are subject to Federal Regulations which limit transactions.  Please refer to the Deposit Account Information Brochure for more information.  First Bank will have the discretion to pay overdrafts within the Overdraft Privilege limit, but payments by First Bank is a discretionary courtesy and not a right of the customer or an obligation of First Bank to create an agreement or course of dealing on our part to allow overdrafts on any occasion.  For ATM withdrawals and everyday debit card transactions to be paid, you’ll need to provide us authorization through our Opt-in process.